Global asset manager VanEck has announced an initial tranche of a $35 million commitment by the Virginia county of Fairfax in the VanEck New Finance Income Fund, LP.
The investment has been made by two retirement systems in Fairfax County, Virginia. The investments are made by the Fairfax County Employees’ Retirement System and the Fairfax County Police Officers Retirement System.
The VanEck New Finance Income Fund, LP is designed to seek income opportunities for investors via short-term lending arrangements with digital asset entities. This may result in potentially lower volatility as compared to direct digital assets exposure.
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